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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM N-CSR/A
CERTIFIED SHAREHOLDER REPORT OF REGISTERED MANAGEMENT
INVESTMENT COMPANIES
Investment Company Act file number 811-21308
The China-U.S. Growth Fund
(Exact name of registrant as specified in charter)
111 Fifth Avenue New York, New York 10003
(Address of principal executive offices) (Zip code)
Mr. Hal Liebes
Fred Alger Management, Inc.
111 Fifth Avenue
New York, New York 10003
(Name and address of agent for service)
Registrant's telephone number, including area code: 212-806-8800
Date of fiscal year end: October 31
Date of reporting period: October 31, 2005
ITEM 1. REPORT TO STOCKHOLDERS. Corrected pages for Report to Stockholders
filed on Form N-CSR on January 9, 2006 are attached. Corrected pages
replace the indicated pages from Form N-CSR filed on January 9, 2006.
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THE CHINA-U.S. GROWTH FUND FUND HIGHLIGHTS THROUGH OCTOBER 31, 2005 (UNAUDITED)
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HYPOTHETICAL $10,000 INVESTMENT FROM 11/3/03 TO 10/31/05
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CHINA-U.S. S&P 500 MSCI ENDING VALUE
GROWTH INDEX ZHONG HAU CHINA-U.S. GROWTH:
---------- ------- --------- $12,308
11/3/03 9,475 10000 10000
10/31/04 10,470 10762 10742 ENDING VALUE
10/31/05 12,308 11699 12098 S&P 500 INDEX:
$11,699
ENDING VALUE
MSCI ZHONG HAU
INDEX:
$12,098
The chart above illustrates the change in value of a hypothetical $10,000
investment made in The China-U.S. Growth Fund, with an initial 5.25% maximum
sales charge, the S&P 500 Index and the MSCI Zhong Hau Index on November 3,
2003, the inception date of The China-U.S. Growth Fund, through October 31,
2005. Figures for The China-U.S. Growth Fund, the S&P 500 Index and the MSCI
Zhong Hau Index (unmanaged indices of common stocks) include reinvestment of
dividends.
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PERFORMANCE COMPARISON AS OF 10/31/05
AVERAGE ANNUAL AVERAGE ANNUAL
TOTAL RETURN TOTAL RETURN
1 SINCE
YEAR INCEPTION
-------------- --------------
THE CHINA-U.S. GROWTH FUND (INCEPTION 11/3/03) 11.38% 10.97%
S&P 500 Index 8.71% 8.19%
MSCI Zhong Hau Index 12.63% 10.02%
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THE FUND'S TOTAL RETURNS INCLUDE CHANGES IN SHARE PRICE AND REINVESTMENT OF
DIVIDENDS AND CAPITAL GAINS. THE GRAPH AND TABLE ABOVE DO NOT REFLECT THE
DEDUCTION OF TAXES THAT A SHAREHOLDER WOULD HAVE PAID ON FUND DISTRIBUTIONS OR
ON THE REDEMPTION OF FUND SHARES. INVESTMENT RETURN AND PRINCIPAL WILL FLUCTUATE
AND THE FUND'S SHARES, WHEN REDEEMED, MAY BE WORTH MORE OR LESS THAN THEIR
ORIGINAL COST. PAST PERFORMANCE DOES NOT GUARANTEE FUTURE RESULTS.
PORTFOLIO SUMMARY+ (UNAUDITED)
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Value (%) Value (%)
- --------------------------------------- --------------------------------------
United States 49.6% Hong Kong 20.5
China 24.0 Cash and Net Other Assets 5.9
-----
100.0%
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+ Based on net assets.
ITEM 11 CONTROLS AND PROCEDURES
Alger Management, Inc. has implemented appropriate enhancements to the Funds'
disclosure controls and procedures with respect to data prepared by them.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
The China-U.S. Growth Fund
By: /s/Dan C. Chung
Dan C. Chung
President
Date: May 3, 2006
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/Dan C. Chung
Dan C. Chung
President
Date: May 3, 2006
By: /s/Frederick A. Blum
Frederick A. Blum
S
Treasurer
Date: May 3, 2006